2014/2015 Annual financial report

Over the 2014/2015 financial period, consolidated turnover for the Group amounted to €27,337,110 compared to €26,260,418 one year earlier.

Current operating income, up 4.1%, amounts to €6,831,949 resulting in 25% for operational profitability**. Net income stands at €5,289,604, up 4.3% and brings net profitability*** to 19.3%.

In addition to these results, IGE+XAO had a very dense year with:

- the operational consolidation of IGE+XAO Nordic and Prosyst, acquired respectively in October 2013 and April 2014,

- the creation of two new commercial subsidiaries in Brazil and Belgium,

- the distribution of new versions of its flagship software,

-and the launching of its internet portal dedicated to downloading electrical equipment catalogues.

Over the current financial period, backed with these solid results and its financial capacity, the IGE+XAO Group intends to continue its action plan focusing on accelerating international development and maintaining strong investment in R&D, while still preserving a high level of profitability.

* The consolidated financial statements were approved by the Board of Directors on 21 October 2015 and will be submitted for approval to the Annual Shareholders' Meeting.

Company

For over 30 years, the IGE+XAO Group has been a software publisher designing, producing, selling and supporting a range of Computer Aided Design (CAD), Product Lifecycle Management (PLM) and Simulation software dedicated to Electrical Engineering...